Deutsche Bank AG Has $94.68 Million Stock Holdings in Hess Co. (NYSE:HES)

Deutsche Bank AG increased its holdings in shares of Hess Co. (NYSE:HES - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 711,821 shares of the oil and gas producer's stock after acquiring an additional 71,528 shares during the quarter. Deutsche Bank AG owned about 0.23% of Hess worth $94,679,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new stake in shares of Hess in the 4th quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new stake in shares of Hess in the 4th quarter valued at approximately $27,000. Millstone Evans Group LLC acquired a new stake in Hess during the 4th quarter worth approximately $33,000. Rialto Wealth Management LLC acquired a new stake in Hess during the 4th quarter worth approximately $37,000. Finally, Zions Bancorporation N.A. boosted its position in Hess by 225.6% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the oil and gas producer's stock worth $39,000 after buying an additional 203 shares during the period. 88.51% of the stock is owned by institutional investors.

Hess Trading Up 0.1%

Shares of HES stock traded up $0.18 on Thursday, hitting $134.97. The stock had a trading volume of 1,643,714 shares, compared to its average volume of 1,810,920. The company's 50 day moving average price is $139.71 and its 200-day moving average price is $141.35. The firm has a market capitalization of $41.75 billion, a P/E ratio of 15.00 and a beta of 0.61. Hess Co. has a 1 year low of $123.79 and a 1 year high of $161.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 1.13.

Hess (NYSE:HES - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.14). The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.95 billion. Hess had a return on equity of 26.32% and a net margin of 21.27%. The business's quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.16 EPS. Analysts anticipate that Hess Co. will post 8.08 earnings per share for the current year.

Hess Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, June 16th. Hess's payout ratio is currently 27.66%.

Insider Activity

In other Hess news, CEO John B. Hess sold 175,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $159.30, for a total transaction of $27,877,500.00. Following the transaction, the chief executive officer now directly owns 2,384,679 shares in the company, valued at $379,879,364.70. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of Hess from $193.00 to $191.00 and set a "neutral" rating for the company in a research note on Tuesday. UBS Group lowered their price objective on shares of Hess from $170.00 to $163.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Scotiabank lowered their price objective on shares of Hess from $164.00 to $146.58 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Piper Sandler decreased their price target on Hess from $151.00 to $147.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Susquehanna cut their target price on shares of Hess from $160.00 to $136.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Hess currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.16.

Hess Profile

Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.